Nowadays among numerous industries that are undergoing continuous development along with China’s rapid economic growth is the noticeable one, building or construction industry. A project composed of many parts, including costs. This paper presents a basic introduction BIM technology, cost management and latter’s importance. On basis practical cases, application to analyzed its advantages summar...

The primary objective of project management is to complete a project within a targeted cost, schedule, and performance standard. Often, the project cost is managed by various parties of an organization with incongruent viewpoints and interests. Different perspectives stemming from their diverse backgrounds and interests can pose a major challenge towards successful project management. The spect...

In practice, most projects result in cost overruns and schedule slippage due to poor resource management. This paper presents an approach that aims at reducing project duration and costs by empowering project managers to assess different scenarios. The proposed approach addresses combinatorial modes for tasks, multi-skilled resources, and multiple calendars for resources. A case study reported ...

one of the most important aspects of software project management is the estimation of cost and time required for running information system. therefore, software managers try to carry estimation based on behavior, properties, and project restrictions. software cost estimation refers to the process of development requirement prediction of software system. various kinds of effort estimation patter...

  Uncertainty plays a major role in any project evaluation and management process. One of the trickiest parts of any production project work is its cost and time forecasting. Since in the initial phases of production projects uncertainty is at its highest level, a reliable method of project scheduling and cash flow generation is vital to help the managers reach successful implementation of the ...

In this paper, we consider a stochastic Time-Cost Tradeoff Problem (TCTP) in PERT networks for project management, in which all activities are subjected to a linear cost function and assumed to be exponentially distributed. The aim of this problem is to maximize the project completion probability with a pre-known deadline to a predefined probability such that the required additional cost is min...

selecting an effective project plan is a significant area in the project management. the present paper introduces a technique to identify the project plan efficient frontier for assessing the alternative project plans and selecting the best plan. the efficient frontier includes two criteria: the project cost and the project time. besides, the paper presents a scheme to incorporate directed acyc...

this study presents the effects of project uncertainties on nonlinear time-cost tradeoff (tct) profile of real life engineering projects by the fusion of fuzzy logic and artificial neural network (ann) models with hybrid meta-heuristic (hmh) technique, abridged as fuzzy-ann-hmh. nonlinear time-cost relationship of project activities is dealt with ann models. ann models are then integrated with ...